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New Forex Trading Signal: Sell USDCAD @ 1.3465

Forex Trades 771 Views

Sell USDCAD @ 1.3465. Take profit targets @ 1.3390 and 1.3335

Stop loss @ a close above 1.3520

Conviction:

On the 4 hours chart, the USDCAD pair penetrated the 21 moving average and is showing weakness as the RSI is heading towards the 30 zone. Moreover, on the daily chart, the pair formed the bearish engulfing pattern and it is diverging from CCI which is already in the overbought zone.

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About Razi Hammoudeh

Razi’s professional experience was gained over the course of more than a decade working with leading Forex market makers in the Middle East, Asia and Europe where he learned about trading, financial instruments and global markets. Being exposed to the wide range of skills he acquired along the years, he continued to develop his trading strategies and further improving his track record in Forex trading. He used innovative business development strategies to find FXLORDS, helping it to rapidly become a major provider of education and trading tools to the successful trader. He is an enthusiastic individual, motivated by challenge and renowned for pushing the limits, always looking to gain some more experience and help as much as possible along the way.